The percentage over 100% is the sports book’s hold/vig, so while our implied probability is technically correct, the true probability would be the implied probability divided by the hold. It’s important to note that the sum of the probability of all teams listed will always be over 100%.
You can calculate that by taking the risk divided by the profit + risk. The Super Bowl odds are based on the probability that a team has of winning the NFL championship.įor example, odds of +400 mean that you would win $400 for every $100 you bet on that team to win the Super Bowl, but it also means that the team has a 20% chance of winning. Updated NFL Super Bowl LVIII Betting Lines: Vegas Favorites to Win
